In 2013, a new era will begin on the alternative investment market with the implementation of the AIFMDin all EU-Member States legal frameworks. In anticipation of the forthcoming changes and in order to adapt the most successful investment vehicle’s legal and regulatory environment to its future objectives, a draft law amending the current law on specialized investment fund (the “SIF”) was submitted to the Luxembourg parliament on 12 August 2011. We summarize the most interesting points of the draft law in our newsletter.